Xiamen Port Holding Group plans to purchase a 70% stake in Xiamen Container Terminal Group Limited.

Xiamen Port Authority Announcement: The company plans to issue shares and pay cash to acquire 70% equity of Xiamen Container Terminal Group Co., Ltd. held by Xiamen International Port Co., Ltd., with a transaction price of 6.178 billion yuan. Of this, 5.251 billion yuan will be paid in the form of issuing shares, and 0.927 billion yuan will be paid in cash. The number of shares to be issued for the purchase of assets is planned to be 791 million shares. After the completion of the transaction, the company's total share capital will increase to 1.533 billion shares. This transaction will not result in any changes in the company's controlling interest.